• Thomas A. Stith III Takes the Helm as New SBA North Carolina District Director

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    October 01, 2019
    Thomas A. Stith III Takes the Helm as New SBA North Carolina District Director
     

    CHARLOTTE, N.C. - Thomas A. Stith III was sworn-in as the U.S. Small Business Administration (SBA) North Carolina District Director during a ceremony on September 30, 2019.
     
    In this role, Stith will oversee an office that drives economic development by assisting local entrepreneurs start and grow businesses.  He will also direct the implementation of SBA programs related to accessing capital, business advising, and government contracts.
     
    “I look forward to working with the North Carolina SBA team, our state resource partners, and the small business owners of the Tar Heel state,” said Stith.  “Moving forward I plan to reaffirm our relationship with current clients and want to ensure aspiring small business owners are aware of the SBA’s resources.”
     
    Last fiscal year the SBA North Carolina District backed over $675 million in loans to small businesses and over 16,000 entrepreneurs were trained and counseled through SBA’s resource partners.  The district office also witnessed more than $2.2 billion in contracts awarded to North Carolina small businesses.
     
    Stith comes to the SBA from The Michael Thomas Group, a consulting firm he co-founded to advise clients seeking business development opportunities in the public and private sectors.  He worked with clients to improve their understanding of and ability to perform marketing, government relations, strategic planning, and internal assessment functions.
     
    Stith also recently served with Rivermont Capital, where he was a senior advisor in the areas of investment, development opportunities, and investor relations.  Immediately prior, he was the president of a state-of-the-art toxicology lab and health care consulting function at LJP Lab.  In this position he had corporate responsibility for profit/loss, strategic planning, market development, operations, human resources, and state/federal relationships.
     
    Stith also served as Chief of Staff to Governor Pat McCrory from 2013 to 2017 and a City of Durham councilman from 1999 to 2007.
     
    A native of Durham, North Carolina, Stith is a graduate of North Carolina Central University earning a master’s and bachelor’s degree in Business Administration. 
     
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    About the U.S. Small Business Administration
    The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start and grow their businesses. It delivers services to people through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

     
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